Form 8.5 (EPT/RI)-Replacement of Barratt

Morgan Stanley & Co. Int'l plc
26 July 2024
 

AMENDMENT(2(a), 2(b))

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Name of exempt principal trader:

Morgan Stanley & Co. International plc

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

Barratt Developments plc

(c) Name of the party to the offer with which exempt principal trader is connected:

Barratt Developments Plc

(d) Date dealing undertaken:

24 July 2024

(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?

     If it is a cash offer or possible cash offer, state "N/A"

YES - Redrow Plc

 

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a)        Purchases and sales

 

Class of relevant security

Purchases/ sales

 

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

10p ordinary

SALES

1,064,031

5.0680 GBP

4.9170 GBP

10p ordinary

PURCHASES

857,365

5.0700 GBP

4.9170 GBP

 

(b)        Cash-settled derivative transactions

 

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

10p ordinary

CFD

increasing a long position

2,174,384

4.9170 GBP

10p ordinary

CFD

increasing a long position

155

4.9171 GBP

10p ordinary

CFD

increasing a long position

660

4.9355 GBP

10p ordinary

CFD

increasing a long position

66

4.9501 GBP

10p ordinary

CFD

increasing a long position

2,762

4.9684 GBP

10p ordinary

CFD

increasing a long position

6,193

4.9800 GBP

10p ordinary

CFD

increasing a long position

11,942

5.0055 GBP

10p ordinary

CFD

increasing a long position

9,246

5.0167 GBP

10p ordinary

CFD

increasing a long position

640

5.0229 GBP

10p ordinary

CFD

increasing a long position

47,621

5.0277 GBP

10p ordinary

CFD

increasing a long position

3,823

5.0330 GBP

10p ordinary

CFD

increasing a long position

34

5.0420 GBP

10p ordinary

CFD

increasing a long position

29,703

5.0517 GBP

10p ordinary

CFD

increasing a long position

5,184

5.0533 GBP

10p ordinary

CFD

increasing a long position

21,206

5.0660 GBP

10p ordinary

CFD

increasing a long position

59,643

5.0660 GBP

10p ordinary

CFD

increasing a short position

124

4.9170 GBP

10p ordinary

CFD

increasing a short position

369

4.9174 GBP

10p ordinary

CFD

increasing a short position

401

4.9468 GBP

10p ordinary

CFD

increasing a short position

824

4.9541 GBP

10p ordinary

CFD

increasing a short position

219

4.9561 GBP

10p ordinary

CFD

increasing a short position

19,750

5.0177 GBP

10p ordinary

CFD

increasing a short position

26,452

5.0265 GBP

10p ordinary

CFD

increasing a short position

88,400

5.0404 GBP

10p ordinary

CFD

increasing a short position

17,704

5.0447 GBP

10p ordinary

CFD

increasing a short position

1,883

5.0447 GBP

10p ordinary

CFD

increasing a short position

17,311

5.0453 GBP

10p ordinary

CFD

increasing a short position

3

5.0460 GBP

10p ordinary

CFD

increasing a short position

31

5.0520 GBP

10p ordinary

CFD

increasing a short position

4,356

5.0562 GBP

10p ordinary

CFD

increasing a short position

9

5.0660 GBP

10p ordinary

CFD

reducing a long position

2,174,384

4.9170 GBP

10p ordinary

CFD

reducing a long position

2,762

4.9709 GBP

10p ordinary

CFD

reducing a long position

1,158

5.0168 GBP

10p ordinary

CFD

reducing a long position

1

5.0181 GBP

10p ordinary

CFD

reducing a long position

12

5.0202 GBP

10p ordinary

CFD

reducing a long position

640

5.0215 GBP

10p ordinary

CFD

reducing a long position

32,626

5.0299 GBP

10p ordinary

CFD

reducing a long position

19,113

5.0542 GBP

10p ordinary

CFD

reducing a long position

9,294

5.0553 GBP

10p ordinary

CFD

reducing a long position

3,580

5.0583 GBP

10p ordinary

CFD

reducing a long position

30,416

5.0660 GBP

10p ordinary

CFD

reducing a long position

155

5.0660 GBP

10p ordinary

CFD

reducing a long position

34

5.0660 GBP

10p ordinary

CFD

reducing a short position

1,444

4.9487 GBP

10p ordinary

CFD

reducing a short position

27,436

5.0055 GBP

10p ordinary

CFD

reducing a short position

32,350

5.0277 GBP

10p ordinary

CFD

reducing a short position

2,103

5.0379 GBP

10p ordinary

CFD

reducing a short position

3

5.0420 GBP

10p ordinary

CFD

reducing a short position

31

5.0517 GBP

10p ordinary

CFD

reducing a short position

1,982

5.0605 GBP

10p ordinary

CFD

reducing a short position

61,919

5.0618 GBP

10p ordinary

CFD

reducing a short position

19,867

5.0659 GBP

10p ordinary

CFD

reducing a short position

38

5.0660 GBP

10p ordinary

CFD

reducing a short position

99,726

5.0660 GBP

10p ordinary

CFD

reducing a short position

505

5.0660 GBP

10p ordinary

CFD

reducing a short position

29,093

5.0660 GBP

10p ordinary

CFD

reducing a short position

60

5.0660 GBP

10p ordinary

CFD

reducing a short position

11,856

5.0660 GBP

10p ordinary

CFD

reducing a short position

95

5.0661 GBP

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 

(ii)        Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

N/A

N/A

N/A

N/A

N/A

 

(d)        Other dealings (including subscribing for new securities)

 

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

N/A

N/A

N/A

N/A

 

3.         OTHER INFORMATION

 

(a)        Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

NONE

 

 

(b)        Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i)  the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

NONE

 

 

 

Date of disclosure:

26 July 2024

Contact name:

Craig Horsley

Telephone number:

+44 141 245-7736

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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